- Trevor Greetham, head of multi-asset at Royal Asset Management advised ‘avoid getting sucked back in’.
- If we look at year-to-date, the S&P 500 is still down 18%
- Greetham has given everyone, the example of the dot-com crash and the crisis of 2008. He said those were also the ‘Central Bank Inspired Bear Markets’.
The Markets Finally Recovering
Yes, a bear market in the world of stocks can be really tiresome. Millions of people watching the news every day in hopes of some surge in the market is a somewhat disturbing phenomenon.
Finally, we saw the market bouncing upwards recently, which is a big relief, for the investors, after all.
Trevor Greetham, head of multi-asset at Royal Asset Management celebrated this moment…. Well, no.
In fact, his advice to all the people who are happy about the market recovery is to ‘avoid getting sucked back in’.
Well, the momentum in the market is looking pretty good.
- Dow Jones Industrial Average rose by 2.7% on Friday.
- S&P 500, as well as Nasdaq Composite, recovered more than 3%.
- The pan-European Stoxx 600 index soared by 2.6%.
But after all of these facts, the Royal London’s Greetham is still not convinced that the market is finally recovering.
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Greetham’s Statement: It’s A Bear Market
Greetham, when asked about the market conditions told NBC that:
“We still think we’re in a bear market and we think that this is as you describe it, a relief rally, and what we’ve seen so far is just the interest rate-driven part of that bear market.”
- If we look at year-to-date, the S&P 500 is still down 18%
- On Monday, Stoxx went down 60% by mid-afternoon.
He has given everyone, the example of the dot-com crash and the crisis of 2008. He said those were also the ‘Central Bank Inspired Bear Markets’.
“We’ve been in stagflation with a slowdown and rising inflation, but we think we’re going to continue to be in a slowdown as inflation comes down because central banks are going to need it to come down a long way,” sakė jis.
Right now, for the first time, there are two different levels of economies to look at: The traditional market, as well as the cryptocurrency market.
Therefore, no investor has the experience of living in times like these. It is always advisable to think carefully and be cautious while making any big step in the world of investment market until the economy recovers.
Source: https://www.thecoinrepublic.com/2022/06/28/is-the-bear-market-over-a-fund-manager-in-london-doesnt-think-so/